News Snapshot:
The Wisdom of Solomon The mainstream financial industry is finally grasping that the comfy tectonic plates they sit on are not just shifting but smashing into each other. Yesterday saw a Bloomberg op-ed titled ‘ Putin and Xi Exposed the Great Illusion of Capitalism ’, It read like a greatest hits of this Daily, referring to Norman Angell, imperialism, WW1, The Treaty of Versailles, imbalances and fascism, WW2, Bretton Woods 1, and communism and the Cold War. The conclusion: “Unless the US and its allies mobilize to save it, the second great age of globalization is coming to a catastrophic...
